Borough Visits

Andrew Boff: Please provide a breakdown of how many times you have visited each London borough since your election in 2016.

The Mayor: You will find details of all my visits including those to London boroughs in the Mayor’s Reports here:https://www.london.gov.uk/about-us/mayor-london/mayors-reports-assembly

Business rate income

Shaun Bailey: For each of the financial years from 2010/11 to the current year, please provide a breakdown of business rate income and to where in the GLA family it was distributed to?
Further to this, please can you provide and an estimated breakdown of business rate income over the next three financial years and where it’s allocated to by distributed to?

The Mayor: Table 1 sets out the £11.25 billion of retained business rates income the Mayor has applied across the GLA group from 2013-14 to 2019-20. This includes related funding in section 31 grants for Government funded business rates relief schemes.
Table 2 sets out the provisional business rates allocations totalling £6.8 billion planned across the GLA group for the next three financial years - 2020-21 to 2022-23. These allocations will be subject to review once the Government’s intentions on the multi-year spending review, review of needs and distribution, business rates reset and reforms to the business rates retention system are clearer.
Table 3 summarises the £2.9 billion of the GLA’s share of business rates income paid by the Mayor to central government in tariff payments and through the levy on growth under the business rates retention system since 2013-14. This income is redistributed by the Government to support local services elsewhere in England.
Table 4 summarises the £2.1 billion of income which has been received to date through the Mayor’s Crossrail Business Rate Supplement since this was introduced in 2010-11. A total of £3.2 billion is expected to have been received by the end of 2022-23. This income is ring fenced and has been applied both to fund direct Crossrail construction costs and finance and repay the GLA’s associated borrowing.
Table 1: Retained Business rates allocations to GLA and Functional Bodies by Mayor from 2013-14 to 2019-20
Business rates allocations
Outturn
Approved
TOTAL
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
2019-20
£m
£m
£m
£m
£m
£m
£m
£m
GLA (Mayor)
29.8
47.7
42.6
70.5
85.9
187.9
63.3
527.7
Group Items
0.2
0.6
2.8
5.3
3.5
12.4
Strategic Investment Fund
111.9
60.7
172.6
GLA (Assembly)
2.0
2.1
2.1
2.1
4.8
5.2
5.2
23.5
MOPAC
29.6
92.5
220.0
342.1
LFEPA/LFC
108.9
112.2
114.0
115.7
244.2
250.4
233.2
1,178.6
TfL
802.8
828.5
772.5
854.6
1,814.3
1,923.1
1,907.3
8,903.1
LLDC
32.2
15.2
20.7
68.1
OPDC
2.2
5.1
9.5
16.8
Total
943.5
990.4
931.4
1,043.4
2,215.9
2,596.6
2,523.4
11,244.6
Notes to Table 1
Table 2: Indicative retained business rates allocations to GLA and Functional bodies for 2020-21 to 2022-23
Business rates allocations
Plan
Plan
Plan
TOTAL
2020-21
2021-22
2022-23
£m
£m
£m
£m
GLA (Mayor)
61.5
70.9
69.5
201.9
Group Items
3.9
3.9
3.9
11.7
GLA (Assembly)
5.4
5.5
5.6
16.5
MOPAC
32.5
32.7
92.2
157.4
LFC
232.1
232.1
232.1
696.3
TfL
1,864.3
1,884.5
1,905.1
5,653.9
LLDC
16.0
16.0
16.0
48.0
OPDC
9.6
9.6
9.7
28.9
Total
2,225.3
2,255.2
2,334.1
6,814.6
Table 3 Tariff and Levy Payments made to Central Government (MHCLG) under retention system from GLA business rates revenues
Tariff &levy payments to MHCLG
Outturn
Total
2013-14
2014-15
2015-16
2016-17
2017-18
2018-19
£m
£m
£m
£m
£m
£m
£m
Tariff payment
342.3
349.0
355.7
358.6
715.3
766.2
2,887.1
Levy on growth
13.3
35.5
48.8
Total
342.3
349.0
355.7
358.6
728.6
801.7
2,935.9
Table 4: Crossrail Business Rate Supplement Revenues From 2010-11 to 2018-19 and Forecast income up to 2021-22
£m
2010-11
224.0
2011-12
231.7
2012-13
224.8
2013-14
220.4
2014-15
218.8
2015-16
217.5
2016-17
223.4
2017-18
272.8
2018-19
267.7
Subtotal to 31 March 2019
2,101.1
2019-20 (Forecast)
275.4
2020-21 (Estimate)
255.0
2021-22 (Estimate)
255.0
2022-23 (Estimate)
255.0
Total forecast
3,141.5
Note